One friend, long time back told me he bought a
counter at 0.01, cheap right? It cannot go lower than 0.01 cents if
the lowest the stock price can be bought and sold is 0.01
cents.
My answer to him was, if people
are selling at 0.01 cents, that means that it is worth less than
0.01 cents.
There is no cheap or expensive
in the markets. There is only market price. Only in the future can
you know whether the price was cheap or expensive.
No one knows if they are going
to be the biggest fool (selling at the lowest or buying at the
highest)
What's the hurry? You expect
the prices to go back up to last years prices tomorrow?
What if India goes into chaos?
What if China goes into chaos? At least wait and see that Singapore
can survive this crisis. The country
might not (or at least go into a prolong and very painful stretch),
given that the dishonorable despots enacted so many self serving
policies for so long.
It is too broad a sense to guage that. However being 1 cents
probably it is worthless. Look into the account first. Natsteel was
one that was worth more that it's share price. You know why.
